The Mumbai Police have successfully dismantled a sophisticated cyber fraud network that utilized a series of 'mule' bank accounts to move illicit funds. According to official reports, investigators identified 110 separate bank accounts linked to the operation, which is estimated to have facilitated the movement of Rs 125 crore.

During the enforcement action, police recovered physical evidence including 70 debit cards and 42 bank passbooks. These items are believed to be central to the network's ability to withdraw and transfer funds obtained through cyber-criminal activities. The use of mule accounts—accounts opened by individuals, often under duress or for a fee, to hide the origin of stolen money—is a growing concern for law enforcement agencies tracking digital financial crimes.

While the investigation is ongoing, authorities have not yet disclosed the identities of the primary suspects or the specific cyber-fraud schemes that generated the initial capital. The police are currently analyzing the seized financial documents to trace the flow of the Rs 125 crore and identify the beneficiaries of the racket. This bust highlights the increasing reliance of cyber criminals on traditional banking infrastructure to legitimize their illegal gains.